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Supply levels improving for higher-priced homesOctober Market UpdateIn October, Calgary's housing market saw robust dema...
11/03/2024

Supply levels improving for higher-priced homes

October Market Update

In October, Calgary's housing market saw robust demand with 2,174 sales - 24% above long-term trends. While higher priced homes (above $600k) led the gains, lower-priced options remain limited, leaving demand strong and inventory tight in the lower to mid-price ranges.

Some key points:

Calgary Benchmark price: $592,500, a 4% increase over last year

Inventory: Up to 4,966 units, with nearly half priced above $600K

Months of Supply: 2.3. Tighter for homes under $700K

Here is a snapshot of Calgary’s rental market for the month of October.There’s some good news for Calgary renters with t...
11/03/2024

Here is a snapshot of Calgary’s rental market for the month of October.

There’s some good news for Calgary renters with the latest information on rental rates in Alberta showing the cost of rental units in the city has declined slightly.

A major factor contributing to the decline, according to Canada Mortgage and Housing Corporation, is a surge in rental unit availability, more than tripling.

“Almost 7,000 units essentially that have come to the market so far this year, relative to just under 2,100 last year,” explained Pardy.

“Building hasn’t really slowed down. If you look at apartment rental starts? So far this year, we’ve seen over 4,000 rental starts which is up 13 per cent relative to last year.”

Ever wondered what a home inspection really covers and why it’s important to have one before buying a home?  Let’s dive ...
11/03/2024

Ever wondered what a home inspection really covers and why it’s important to have one before buying a home? Let’s dive into it….

1. Identify Potential Issues: A professional inspection reveals issues that aren’t visible during a regular tour. This includes problems with the roof, foundation, plumbing, electrical systems, and other critical areas. Knowing these early can help you avoid unexpected repairs later on.

2. Negotiation Power: If the inspection uncovers significant problems, you can use this information to negotiate with the seller. This might mean asking them to fix the issues, lowering the sale price, or providing credits toward repairs, potentially saving you thousands.

3. Plan for Future Repairs: Even if there are minor issues, the inspection report can help you budget and plan for future repairs or maintenance. For example, you’ll know if a water heater or roof may need replacement soon, which allows for financial planning.

4. Safety Assurance: Safety issues, like mold, radon, or faulty wiring, can pose serious risks to your health. A home inspection ensures the property meets safety standards, keeping your family safe from hazards.

5. Long-Term Investment Protection: Buying a home is one of the biggest investments most people make. A home inspection helps safeguard that investment by ensuring the property is structurally sound and free from major defects that could hurt its resale value.

While a home inspection might seem like an added expense initially, it’s a small price to pay for peace of mind and can save you far more money and stress in the long run.

🎃 HAPPY HALLOWEEN 🎃Wishing you a spooky, fun-filled night with treats, laughter and good memories. May your costume be o...
10/31/2024

🎃 HAPPY HALLOWEEN 🎃

Wishing you a spooky, fun-filled night with treats, laughter and good memories. May your costume be on point, your candy bag be full, and your evening be safe and magical. 👻💀

Stay safe!

Here is a snapshot of Calgary’s rentalmarket for the month of September.In September 2024, Calgary’s rental market exper...
10/02/2024

Here is a snapshot of Calgary’s rental
market for the month of September.

In September 2024, Calgary’s rental market experienced a slight decrease in rental rates, particularly for one- and two-bedroom units. These declines come after a period of significant increases in rent prices driven by high demand, especially from interprovincial migration to Alberta.

However, despite these decreases, Calgary’s rental market remains competitive. The decline in rents is partly due to tenants facing affordability issues, with many struggling to meet rising living costs. While demand for rental units is still strong, supply is increasing, especially for units priced over $2,500, which is causing some downward pressure on
rent prices.



Rental prices in Calgary have started to soften recently. After a period of significant increases driven by a combinatio...
09/04/2024

Rental prices in Calgary have started to soften recently. After a period of significant increases driven by a combination of high demand and limited supply, there has been a slight easing in the market. This softening is attributed to several factors, including:

Increased Supply: More rental units have been brought to the market, including new apartment buildings and condo conversions, which has alleviated some of the pressure.

Economic Conditions: Calgary’s economy has been gradually stabilizing, and with that, the intense demand for rentals has somewhat decreased.

Seasonal Trends: The rental market often sees fluctuations throughout the year, and the recent softening could be part of a seasonal trend as we move out of the busy summer rental period.

Interest Rates and Home Buying: As mortgage rates stabilize or decrease, some renters may choose to buy homes, leading to a slight decrease in rental demand.

While prices are still relatively high compared to a few years ago, the recent softening may offer some relief to renters in the city.



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